Tag: offer in compromise
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How Do Tax Levies Work? A Simple Guide
Imagine checking your bank account one morning and realizing your funds are suddenly unavailable. You might feel shocked, anxious, or confused—especially if you only learn afterward that the IRS has stepped in to collect back taxes. While that scenario sounds alarming, understanding how and why the IRS issues tax levies can help you stay calm,…
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IRS Offer in Compromise: Which Type Fits and How to File
Tax debt can feel overwhelming, but the IRS offers a program called Offer in Compromise (OIC) that could allow you to settle for less than what you owe if you qualify. Let’s break down the types, when you might need them, and the steps for filing. The Three Main OIC Types Steps to File an…
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